Hey, Something Sold!
Here’s a refreshing ray of light in what has been a pretty bleak few months of real estate news: Apartment #3 at 210 Berkeley Place in Park Slope, which came onto the market for $599,000 in late September just days after the collapse of Lehman Brothers, closed just before Christmas for $592,500; the two-bedroom floor-through…
Here’s a refreshing ray of light in what has been a pretty bleak few months of real estate news: Apartment #3 at 210 Berkeley Place in Park Slope, which came onto the market for $599,000 in late September just days after the collapse of Lehman Brothers, closed just before Christmas for $592,500; the two-bedroom floor-through has a maintenance of $525. (Floorplan on the jump.) In fact, it looks like it went into contract in less than three weeks on the market. Any other anecdotes like this?
210 Berkeley Place [Corcoran] GMAP P*Shark
I knew someone would say something about that. Thanks for correcting me rob.
I should reword it and say that in MY experience in life, people who work in creative industries have been “funkier” than the people I know who work in finance or are lawyers, etc.
Just MY experience. I also tend to surround myself with more of the of the former, so I guess that skews my perception.
I’m sure there are some really super freaky funky wall streeters out there!
quote:
those who make a modest salary and work in arts related fields tend to be the funky ones.
w*r*o*n*g. that’s a very common misconception. maybe funky in their own minds perhaps.
*rob*
Sam, I agree with you partially, but I still think “all of Brooklyn is great”
Prices have nothing to do with how great something is in my mind. Most of the things I enjoy most in life are free, in fact.
I would agree that prices in fringe areas got too high when compared to their prime counterparts. The whole reason the fringe areas got so “cool and funky” is because by and large…those who make a modest salary and work in arts related fields tend to be the funky ones. They were priced out of even the fringe areas, and I welcome their return.
I also welcome them to smaller places in prime neighborhoods like the apartment we’re talking about here.
I do 100% agree with you that we will moving forward revert back to the adage in real estate, which is location, location location. Always will be. When I was looking to buy in 2006, I looked in a number of “fringe” areas and thought for sure I’d end up there.
When I found my place I could tell instantly that despite the fact that I had to settle for a smaller space, I ended up in a location I love, and that has been far more important to me. I may have had a couple hundred extra square feet in a lesser location, but for myself, I’d rather have the smaller place in the fantastic location.
yesterday’s discussion was interesting. Some felt that Clinton Hill is a prime location and others felt that while the architecture is great, and it has improved in many ways over the past ten years, it is still too early to call it prime. However one classified it, the prices had gone up to “prime” levels -that was for sure.
I think that will change now. Location is too important to wave off. Up and coming areas are great, and funky, and cool, but they just cannot sustain the same level of pricing as older, more established, perhaps blander areas.
What I didn’t like was that everything used to be priced as if it were in a prime location even though it may have been in the fringes, or even beyond the fringes, of the core neighborhood. Places like this one will sell for a good price (although this unit would have fetched way more a year ago) but other places in less prestige areas may not. The “all of Brooklyn is great” mindset is history.
billy writes…”My brownstone is going to lose 20% of its value from 08 and I am freakin p-ssed about it. I blame Marty Markowits.”
Please explain what Marty has to do with most of this!!!!
aah, yes, yesterday’s discussion about CH / FG. Are you sure it wasn’t about Park Slope???
BTW – many of my comments are with my tongue in my check.
Carry on, Park Slopers.
brg – we had a massive discussion yesterday about Clinton Hill / Fort Greene. It’s not just a PS thing.
Certainly some areas of Brooklyn are more heavily represented on this site than others, but then again, it IS supposedly a site about Brownstone Brooklyn, and there are fewer and fewer Brownstones as you radiate outward from downtown Brooklyn’s immediate neighbors.
Whatever, one apartment sold does not indicate the market. Get ready, prices are going to drop hard in 09. My brownstone is going to lose 20% of its value from 08 and I am freakin p-ssed about it. I blame Marty Markowits.
I love the level of analysis on this site….about Park Slope!!!!!